Last Updated - 21st Aug 2018
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SBICAP Securities as a Stock Broker is no longer offering online IPO application to its clients. After SEBI’s mandate in Jan 2016, all application in IPO and FPO (Initial Public Offering and Follow on Public Offering) has to be channel through ASBA (Applications Supported by Blocked Amount) process through Self-Certified Syndicate Bank (SCSB).
Instance you can apply in IPOs with SBI Online Bank Account (www.onlinesbi.com) which is self-certified syndicate bank by providing SBICAP Securities DP account details. After allotment, you can use your SBICAP Securities Trading account to trade and sell in your holding of shares.You can view latest news about upcoming and current IPO’s including their listing dates online on https://www.sbismart.com/.
SBICAP provides distribution of Mutual Fund and IPOs through a physical form with / without a trading account with them. The easiest way to invest is download the required forms from web site and submit them with your payment to your nearest branch.
Investor can apply at most 5 application with one SBI Bank account(Current or Saving). Each application must be on different name, PAN Number and his own demat account. Payment will be blocked from primary bank account holder's account. With this if you have 2 SBI Bank account you can apply in 10 separate application for same IPO for different users/family members in one go.
Things what you need when applying ASBA with SBI-
If you satisfy all the above requirements, you can apply 5 IPO application from one SBI bank account.
Detail Article on ASBA Process for IPO Investment >> Read
Note: Client having account in those bank who are not offering paperless ASBA application or those client who do not do online banking has to fill the physical application and submit to syndicate member for onward submission to client’s bank for blocking required amount in client ‘s bank account.
What type of account I need to invest in IPO?
To invest in IPO, you need to have:
List of Self-Certified Syndicate Banks under the ASBA facility are available on SEBI, NSE and BSE Sites.
SEBI List of SCSB >> List of Self Certified Syndicate Banks
NSE SCSB >> List of Self Certified Syndicate Bank
BSE SCSB >> List of Self Certified Syndicate Bank
You can find SBICAP Securities Depository Account Number from welcome letter sent to you , back office software , your monthly demat holding statement or calling SBICAP Securities Customer care.
With SBICAP Securities you can choose from over 3000+ mutual fund schemes from over more than 20 AMC available online on their web portal. You can invest in Mutual Funds by using one time, Systematic Investment Plan (SIP), Systematic Transfer Plan (STP) or Systematic Withdrawal Plan (SWP).
SBI Funds Management Private Limited is a AMC from SBI group, manages Mutual funds. You can invest in SBI Mutual Funds via directly registrng on www sbimf com or any other commission brokers who provide mutual funds service.
You can also use their smart mutual fund tool Portfolio Tracker, use personalized mutual fund research reports and actionable tips to make right investment.
You can invest in Mutual Funds with SBICAP Securities in four easy ways:
Steps to Invest in Mutual Funds SIP online with SBICAP Securities Trading Account:
What are benefits using mutual funds service from SBICAP Securities?
Key benefits with Religare for investing in Mutual funds are:
Paperless account opening*
e-Aadhar base account opening
Free Delivery trading
Beginner, seasoned investor, active trader or HNI. Get customised solutions.
Free Equity Delivery Trades
Flat 20% discount on online transaction